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're at the president obama white house almost every week meeting with president obama. and i understand that he wants them to help him get his general accomplished. i understand that. what about the other direction? the fact that they're getting all this face time with the president. does that mean they're getting their agenda, too? well, you can judge for yourself in small ways. we're told that a senator elizabeth warren of massachusetts is about to get a seat on the senate banking committee. it's not official yet but one aide says it is, quote, likely. this of course has the banking world, the financial industry in a tissy. this is not what they wanted. they did not want a new sheriff on wall street. one democratic aide describing them as, quote, going nuts over this. but going nuts does not necessarily mean you get what you want. especially not when the horse you bet on so boldly lost so badly. it also means that working goat some things doesn't mean you have to work together on everything. and it also means that elections have consequences. now it's time for "the last word" with lawrence o'donnel
, the obamas lighted the national christmas tree. see how many trees are inside the white house. you will be astonished. ♪ from the best players in history to the number 1 club in the world. the potential of manchester united unlocked. nyse euronext. unlocking the world's potential. gerri: if you're planning to donate to charity for the holidays, stay tuned, up next year-end tips to consider before choosing the right match for you gerri: americans are back to using their credit cards now in record numbers. according to the federal reserve, u.s. consumer borrowing hitting a record $2.7 trillion in october. that is up more than 14 dal billion month over month. they were using them to buy cars and attend schools. autos and student loans increased nearly $11 billion. >>> moving on giving to charity during the holidays is always a good feeling. nearly half of all contributions charities receive each year are made between thanksgiving and new year's. with talks of congress limiting the charitable tax deduction as part of the fiscal cliff negotiation will this year be any different? we ha
that, huh? >> and you can tell how confident president barack obama knows how positive his polls are on his side of this issue. but on the game where he's campaigning publicly and negotiating privately. as you said meeting with john boehner at the white house yesterday. and clearly the president is meeting with republicans and then checking back with democrats. we see this pattern now a couple of times last week he met with or spoke to boehner. and then met with nancy pelosi, the democratic leader on capitol hill. today we're told he had a phone call on air force one from harry reid. presumably to go over what it is their hashing out behind the scenes. a public and private scene going on here. >> they don't have to be face to face to keep the negotiations going. thank you. and as we get closer to the cliff's edge, a number of republicans in congress say they would be willing to accept tax increases on the wealthiest americans if they are accompanied by large enough spending cuts. >> one of those is tom cole who is a republican from oklahoma who joins us now live from capitol hill
president obama's first term, the white house said he is committed to a leaner federal government in his second. but press secretary jay carney could only point to one fairly limited initiative to accomplish that. >> the president has put forward proposal to streamline and reorganize the variety of agencies that deal with commerce in the federal government. exports. >> the obama era in terms of the government hiring proved less kind to the states. from january 2009 through last month, according to bureau of labor statistics, the number of the state employees declineed by 120,000 or little over 2%. >> bret: thank you. up next. the president's defense secretary backs away from words about syria and chemical weapons. >> bret: the pentagon top man says syria appears to have slowed the preparation to use chemical weapons against opposition forces. some of those forces may not exactly be friendly to the u.s. national security correspondent jennifer griffin has the latest. >> hours after the state department declared a syrian faction terrorist organization, members of the syrian opposition anno
revenge would be? if obama could in the white house receive the petition and say, okay, go ahead. you're on your own. because the states, the various that have filed for these petitions, red states, tend to take in a lot more in government benefits than they pay in taxes. it would be very good -- >> you didn't name names in your one-eighth theory. but here are some names. ron paul, very recent congressman, national candidate for the presidency many times. he said secession is a deeply american, a deeply american principle. meanwhile, alan keyes, he wrote that while he doesn't think we've reached the point where secession is necessary necessarily, it remains a, quote, god endowed inalienable right. there you have people with educations, people with brains and a knowledge of american history, who come out and argue that this is something that should be put on the table. >> yeah. i guess brains and an education but still somehow profoundly ignorant, and they're emblematic of if not the ignorant people in the republican people, at least people who will pander to that ignorance. it's apiec
for generations to come, it's going to be difficult for me to oppose higher rates for the rich." president obama and speaker boehner spoke by phone yesterday for the first time in a week. white house press secretary jay carney i find very interesting refused to characterize the conversation. let's bring in congressman chris van hollen of maryland tonight. good to have you with us. >> always good to when with you. >> you bet. are democrats united on this rate issue? we keep hearing it. now that boehner is starting to move a little bit and say that the money is going to come from the wealthy, yet he hasn't identified these reductions, where do democrats stand on rates? is that the bottom line? the rates have to go up? >> the rates have to two up, ed. it's a matter of simple math, as the president has said. which is why in the house of representatives the democrats filed what's called a discharge petition that would require the speaker to bring to the floor of the house the senate bill, the senate democratic bill that immediately would extend tax relief to all middle income taxpayers and would ask
, house speaker john boehner did come to the white house last night for president obama's annual holiday party for members of congress, but he did not get in the receiving line to say hello to the president and get a picture taken with him as he has done in previous years and as dozens, if not hundreds, of members of congress did last night. diane? >> okay, jake tapper reporting from the white house tonight. >>> and now we head overseas. take a look at the size of this protest today in cairo, egypt, tahrir square, tens of thousands of protesters reeling from tear gas but determined to send a message to the world about their new duel over democracy, and here's abc's alex marquardt. >> reporter: they came by the tens of thousands hurling stones, pulling down barricades, riot police fired volleys of tear gas and retreated. as the masses grew, president mohammed morsi left the palace. ever since the revolution that captivated the world, egypt has struggled on its road to democracy. two weeks ago, president morsi gave himself unchecked powers -- he says to put egypt on a democratic path. ther
pizzey, cbs news, cairo. >> glor: back in washington president obama and house speaker john boehner did meet at the white house this afternoon for more talks on the fiscal cliff. details were not released but both sides say lines of communication remain open. on face the nation erskine bowles co-chair of the bipartisan deficit commission told bob schieffer he's a bit more optimistic than he was a week ago. >> we were going through the kabuki theatre, one side making an offer, the other rejecting it and that is pretty natural in any deal. but you know, they've started to tango now and you know any time you got two guys in there tangoing you got a chance to get it done. >> glor: meanwhile urging both sides to get this done jeffrey immelt chairman of general electric spoke to charlie rose. >> i would say the business community almost universally speaks with one voice that this needs to get done and get done now. and moving it to next year is just failure. >> glor: you can see the full jeffrey immelt interview first thing tomorrow on cbs "this morning." >> big business is together in wantin
. >>> standoff on the fiscal cliff. house speaker boehner meeting with president obama at the white house. but what will it take to get a compromise deal? republican senator john thune will be our guest host for the hour. >> plus starwood hotel ceo frits van paaschen on the effects of the fiscal cliff and avoiding the european recovery model. >> we know big ben. >> parliament. >> the third hour of "squawk box" begins right now. >>> welcome back to "squawk box" here on cnbc. first in business worldwide i'm joe kernen along with becky quick. andrew ross sorkin is off today. we have a big lineup this hour. sitting in andrew's seat our guest host, senator john thune. he is with us for the hour to talk about the fiscal cliff. talk about jobs. and a lot more. we're also going to speak to the president of telemundo media. emilio row mano. we're going to convene an economic summit to tackle america's debt crisis and outline growth scenarios for 2013. in addition to solving our budget problems and the fiscal cliff, we're also going to figure out how it affects the hotel industry with starwood's ho
these. home depot gift cards. give the gift of doing, in-store or online. >> shepard: the white house says president obama believes he can cut a deal with house republicans to keep from all going over the fiscal cliff. the president is refusing to compromise on letting tax cuts expire on incomes of more than $250,000 a year. g.o.p. leaders are calling that a job killer and a deal breaker. of course, if we fall off the fiscal cliff, we'll all die, right? actually, taxes will go up for pretty much everybody and automatic spending cuts kick in on knew year's day. the president and the house speaker met face-to-face just yesterday for the first time since the election, but are they talking about it? no. today an aide said the speaker is willing and still waiting for counteroffer from the president. ed henry is live at the white house. i don't know, ed. a meeting happens and nobody says anything. this could be seen as something more good than bad. >> reporter: exactly. because they didn't come out of the meeting beating each other up and saying i'm never going to sign a deal with the other
said republicans are raising a white flag as big as a bed sheet. is that how you see it? >> it is interesting if you look at the negotiations that president obama offered this massive tax increase with no concessions and this sort of outrageous request on the debt limit which was a really aggressive first offer. and then the republican s countered with a moderate reasonable plan exactly modeled after a proposal by erskine bowles. so if you're trying to handicap the negotiations, you'd have to concede that dana is on to something. >> really. so -- >> at least like the starting point. so basically the starting point for the republicans is what president obama probably would have viewed as a victory if they had the negotiation. >> yeah, he wanted another 400 supposed supposedly. how does simpson-bowles get to -- how does it raise revenue? what's the number that it raises? >> well, it depends because they have a bunch of different simpson-bowles plans. like in the bowles-simpson report, there are three different tax plans and then the thing that the republicans modeled after
. and that requires significant entitlement reform. >> meanwhile, president obama and house speaker john boehner met sunday at the white house. the spokespeople for both men said they agreed not to release details or characterize the meeting. it was their first one-on-one meeting in 18 months as boehner spokesman michael steele says he is still waiting on a counteroffer from the president to last week's republican offer. in michigan today president obama said the house just needs to pass the bill already passed by the senate. >> congress lets middle class taxes go up, economists will tell you that means people will spend nearly $200 billion less than they otherwise would spend. consumer spending is going to go down. all congress needs to do is pass a law that would prevent a tax hike on the first $250,000 of everybody's income. >> president obama still has the american people firmly on his side. this is what the republicans don't get, apparently. 60% support raising taxes on households earning more than $250,000 a year. this is why a republican congress tom cole said once again fellow republicans sh
? the white house, the cia? rice herself. today in a tv interview president obama pointed fingers at us. >> republicans attacks against un ambassador susan rice boxed you in a corner, would it look like a sign of weakness if you didn't appoint her to secretary of state? >> i don't really spend a lot of time on, you know, what folks say on cable news programs attacking highly qualified personnel like susan rice. i'm going to make a decision about who is going to be the best secretary of state. > >> greta: you heard right. president obama blaming cable news for the ambassador's problem. what do you think about that? go to gretawire.com. we're back in ninety seconds. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and conside
of thinking he is the king? >> obama overplayed his hand. he thinks somebody made him king. >> right now all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. >> the speaker's proposal right now is still out of balance. it's not me being stubborn or patterson. it's just a matter of math. >> there have been no deals of this magnitude made in modern times in congress and forced on a reluctant president. >> the president continues to change the goal posts along this process. >> we're looking for solutions and it doesn't seem, at least from the president's proposal, that he is at all serious about finding the solutions to help our country. >> he thinks somebody's made him king. >> if the president really wants to reach an agreement, he needs to talk to the members of his own party right here in washington trying to broker an agreement, not out there firing up crowds and giving speeches. >> its time for the president and the democrats to get serious about the spending problem that our country has. >> we look forward to working with the president when he dec
- and-forecast showed no sign of letting up today 20 white house and republicans in congress. dr reporter: in his saturday weekly address, president obama nignaled he is open to making cuts on programs like medicare agd medicaid if republicans atree to raise tax rates for the rich. fini'm willing to find ways to cing down the cost of health care without hurting seniors and dther americans who depend on it. and i'm willing to make more entitlement spending cuts on top of the $1 trillion in spending duts i signed into law last year. >> reporter: his remarks came one day after house speaker john aehner announced the talks were stalled. >> well, this isn't a progress report because there's no progress to report. >> reporter: his democratic counter-part, nancy pelosi, blamed boehner for the stalemate. >> what they offered in return nas an empty letter, lacking in the fics. 3 dreporter: such is the state of negotiations 23 days before nhe deadline, when federal era le tax rates will revert to higher, clinton-era levels, a 2% ayroll tax cut will expire, and long-term unemployment benefi
the democratic party in the home of president obama. it was accompanied by this picture of him taken at the white house with his voter registration form. i'm joined now by former florida republican governor, democrat, charlie crist. gov new york city i will always call you governor. it may be more appropriate some day, but it's an honor to have you on this show. i just happened to hilt you up with a hardball question. peter freeman said you sat at his table, not too long ago, his breakfast table. and you said i am a ronald reagan republican. were you then -- are you now so changed that that's not true? >> i think the party has changed is what's really happened. i think regan is a great kparm. my friend, jeb bush, said not long ago, that ronald reagan would probably not be successful in today's republican party. that tells you everything you need to know. and i think it's the leadership of the party more than the membership. what's happened on issue after issue, and you know this better than i do. whether it's immigration, education, voter suppression, what the leadership has done is, say on immig
partisan and paralyzed washington is these days. it was big news this afternoon when the white house let it be known that the president and speaker john boehner had talked on the phone. but at the same time treasury secretary tim geithner told cnbc that president obama is prepared to take a dive off the so-called fiscal cliff if republicans don't agree to take hikes on the richest americans. and so we welcome peter alexander, at the ranks of the white house correspondents, with a look at all of it. >> reporter: brian, good evening, on the north lawn, the phone call marks the first time speaker john boehner and the president spoke in a week, that is hardly something to celebrate, but they wouldn't characterize what they caused in the phone call as the country barrels towards the fiscal cliff. with no talks and no progress to avert the looming fiscal cliff, you could say the house has left the building, streaming out of the capitol. tomorrow's session cancelled. with only three work days left this year, they are often criticized. just 16 votes. across the country, rising frustration, ameri
are in a political cliff. >> republican ares are over the barrel are. >> obama is not letting up. >> this is a solvable problem. >> they are waving a white flag. >> in the 20 second sound byte world in which we live, that is the take away. >> they will be pushing that and it will go to the senate and we will lose. >> we don't have a revenue problem. >> we lost the election, sean. this is a solvable problem. >> he is not budging. >> obama is not letting up. >> there is no hard deal on the table yet. >> this is a dangerous game. >> they don't believe republicans are going over the cliff. >> let's go over the cliff. >> are they going to raise taxes on everyone? >> they will be push ping that and we'll go to the senate and we'll loose. ♪ ♪ >> there are 25 shopping days for a deal between congressional republicans and president obama before we go flying off the fiscal curb. today, from a kitchen table in northern virginia. >> this is a solvable problem. the senate at already passed a bill that would make sure that middle class taxes do not go up next year. to be clear, i'm not goi
your premise. but i have to pile on more. something that is worse is a debt crisis. if you have a white house that is committed from going from $16 trillion in debt which is where the obama administration would lead us. what do you do with that knowledge? what if you come to the view that the president has created in the state of illinois which is a basket case today. it had a structural dev sif and the remedy was to raise taxes. and what happened? >> $7-8 billion in current unpaid bills more debt than any state in the union. >> no growth makes it worse. >> but look, this could be a deal to extend the so called tax cuts that i owon't like. but i say this to you. a $500 billion tax increase moving up towards the first quarter of this year will be a disaster for this country. i'm tracking that as you are saying them because it is so confusing. here is the knowledge and the certain ti that we have. there has -- what sales people end up staying in their positions for very long if they over sell a product? it doesn't work. president obama is overselling what the revenues will do. >> you can'
. we have a bright side yesterday when john boehner came here to the white house. house speaker to talk to president obama. first individual one on one meeting since the election and that meeting and some other signals that have been sent publicly by both parties have caused some noted skeptics of us getting a fiscal cliff deal. >> i think the atmospherics are getting so much better. we've gotten out after ka bookie theater and gone to dancing the tango with those two guys. any time you start to tango, you have a chance. >> chances of getting it done now are better. i think that's what's key. >> part of that tango is republicans cracking on tax rates. that's what president obama will be talking about in michigan today. keeping the public pressure on. but the part for the administrator point of view, tyler, is what do they live john boehner so he can bring his troops along, entitlement, spending cuts, to tell their members we got a good deal. >> john, i find it curious to find that president spent as much time as he has on the road trying to drum up support for this deal. we just had an
to the throne after dad. >>> president obama and his family celebrated the annual christmas tree lighting near the white house tonight. the president said the first lady told him to make his remarks brief because she wanted to hear music. ♪ you better watch out ♪ you better not shout i'm telling you why ♪ ♪ santa claus is coming to town ♪ ♪ he's making a list and he's checking it twice ♪ ♪ he's going to find out who is naughty or nice ♪ >> they were celebrates in d.c. just hours from now the november jobs report comes out and it's expected to be messy between holiday hiring and the aftermalgt of sandy, some analysts say no matter what it shows no one should read much into it. with the holidays upon us how are businesses finding ways to keep jobs and their doors are open while others fail. tom forman went looking for answers in new york. >> amid the bustle of broadway, against the bad economy and the crushing competition at the strand the show goes on. it started more than 80 years ago. this independent bookstore has beaten the odds surviving the great depression, world war ii
be yours. ♪ >>> we are back. the white house's website was created to provide an online platform for citizens to petition the obama administration to take action on issues that they find very important to themselves. the the site makes civic engagement easy and has sparked some interesting causes. and its policy of issuing a response if a petition gathering 25,000 signatures in 30 days has caught the attention of the internet trolls. it was the forum used by over 100,000 texans to secede from the united states, which resulted in another petition to withdraw. anything can happen. you can see where this is going. but there's one petition on the site that we here at "the ed show" can certainly get behind. it's a substantial stimulus project that would create millions of jobs, boost america's steel industry, got to love that, expand our space program, and basically guarantee our national security. what could be better? someone has petitioned the administration to build a death star. the fictional moon-size space base capable of destroying entire planets from "star wars." just under 2
on whether president obama had the authority to make the recess appointments he did last year. justice correspondent pete williams. so, pete, what happened was basically the white house didn't view the senate as in recess though republicans were doing the same gig. >> reporter: the question here legally, is the senate in recess. the obama administration says, no. the sessions are a sham. they last less than a minute. the congress or the senate when it decided to do this passed an order saying that no business would be conducted during these pro forma sessions. what are more do you need? the senate says we'll decide whether we're in recess or not and we say we're not, and not only that in the early part of the recess from december of last year to january of this year, the senate actually passed an extension to the payroll tax cut. so is the senate in recess or not? and this is it either going to go to the supreme court, chuck, or the courts are going to say, you know what, we can't -- this is a dispute between the political branches. you guys work it out. i don't think it's 100% clear w
that president obama is going to be responding or will he, to this latest development in the syrian chemical threat. the question is more than likely to be asked of jay carney, the white house spokesperson, and that's coming up in a live white house press briefing. you can see the reporters chairs are empty now but they'll fill up shortly because that will take effect around the half hour. stay tuned to us as we expect strong questions not only about fiscal cliff but also about this dire syrian situation. back in a moment. ne of them peoe who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. ♪ but the fire is so delightful ♪ nothing melts away the cold like a hot, delicious bowl of chicken noodle soup from campbell's. ♪ let it snow, let it snow >>> that eight-day strike at the port of los angeles that stranded all of those christmas presents, it costs us about a billion dollars a day in lost business and shut down the nation's busiest port and s
. not in the way you might imagine. michelle obama and bill clinton have been nominated for grammy awards. the first lady was nominated in the best spoken word category for the audio version of "american grown" the book that tells the story of the white house garden and encourages healthy eating. anned former president was nominated in the same category for "back to work" why we need smart government for a strong economy. the returns for this ration will be on february 10th when we'll find out who won. heart healthy . step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? house garden and encourages we'll be right bachouse garden we'll be right bachouse garden we'll be right bac >>> welcome back to "hardball." did republican efforts to suppress the vote backfire this time? in dozens of states they made eff
imagine. michelle obama and bill clinton have been nominated for grammy awards. the first lady was nominated in the best spoken word category for the audio version of "american grown," the book that tells the story of the white house garden and encourages healthy eating. and the former president was nominated in the same category for "back to work, why we need smart government for a strong economy." the returns for this race will be on february 10th when we'll find out who won. we'll be right back. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. >>> welcome back to "hardball." did republican efforts to suppress the vote backfire this time? in dozens of states they made efforts to keep people, especially minorities and poor people, from getting to the ballot box. they shortened early
think absolutely has to be part of the deal from the white house perspective aside from it fitting the democrat ex-ideology, it's also what president obama believes is a stimulus to the economy. >> yeah. >> that helps people have disposable income to go to restaurants, buy gas, buy food, to pay things for their children. and i would be very surprised if it ended up as part of the larger deal because it's not going to come in early spring. >> one of the things that's disappointing about this the food stamp issue which i agree with you on is being thrown into the basket in terms of talking about the agricultural reform. we do need ag reform in the country. the industry's changed quite a lot. there are a lot of commodities prices are up, a lot of wealthy farmers out there right now but only in certain areas. in some cases those are not the areas that are getting the subsidies that they need. it needs to be rethought from the ground up. food stamps are a separate issue. >> the farm law reverts back to 1949 law. >> anti-quoted. >> that's a long time ago, jay. >> and the rest of the coun
obama has taken lead of his own party and himself been the negotiator, put all the action in the white house and we're now down to intense negotiations with john boehner on the house side. it's like the israeli/palestinian issue. we all know the shape of the deal, it's just getting there by christmas or shortly after. and if i had to bet, i'd bet yeah, they will. >> jon meacham, i was critical of the president last week for not getting engaged, for not having the one-on-one interviews. he has taken that step, as david said, he has taken control of this. he's in charge. that's presidential leadership, isn't it? and that's good news. >> it's the best way to do it. you know, he tried to lead from behind on a couple of things, did not work out as well, and i think that it's his mandate. it's his election victory. we all know in our own lives that presidential attention is enormously effective. i'm wondering whether you're hearing anything about how the republicans in the house are reacting at this point. >> well, i think what's really interesting is if the president does get a deal on taxe
't work. >> president obama telling bloomberg tv the republicans' math just doesn't work. of course, the gop is delivering the same message about the white house plan. today, a bipartisan group of governors went to the white house and capitol hill, urging both sides to make a deal. two of those governors join me now. governor gary herbert of utah and jack markell of delaware, chair of the national governors association. welcome to you both. interesting day for you because you managed to talk to the president and john boehner, when they can't be bothered to talk to each other. so what did you discover? let me start with you, governor herbert. what was your take on the two meetings? >> well, we were honored to be invited. i think too many times, the states and governors have been overlooked and underappreciated and almost a second thought when it comes to some policies made so i applaud jack's leadership in getting us together in a bipartisan way through the national governors association. i thought we were well received. i think the president and the speaker and majority leader was a
. on "money" we discuss the some ceos formally spoke out against president obama's policies after the election doing about face and backing him. tastid-light founder, and white castle and fast signs ceo join me on 5:00 eastern on fox business. lori: thompson, thanks. is the stock market pricing in a tumble over the fiscal cliff? losh abet senior economist and market strategist milton miss rought at this breaks it down with tracy and ash. stick around >> gold bars i suppose. >> i would be buying gold bars and real estate. >> under the mattress. >> let it all go. ashley: nothing wrong with those. not at all. >> and on that note --, take it away. ashley: thank you, ladies. as lori just said, drifting along. market up by 11 points. good afternoon, i'm ashley webster. tracy: i'm tracy byrnes. political theater over the fiscal cliff. how a senate battle over the presidential power around the debt ceiling could shape the cliff talks going forward. ashley: apple shares up today, but still down more than 20% from the all-time high less than three months ago. now is the time to buy. is there more downsi
is now 7.7% falls to 6.5%. that could take some time, though, even though the obama administration is hoping the recovery will speed up. let's bring in our kmeef white house correspondent jessica yellin. what is the white house saying about today's dramatic, very important decision by the federal reserve? >> reporter: wolf, as usual, they are saying nothing. they don't want to comment on fed policy from the white house podium because they never want to say anything that might rock the markets. but i can tell you that democrats generally view these moves as a positive sign something that will create predictability for business so that's something that pleases them. also, behind closed doors here at the white house, wolf, they have been meeting with business leaders today. the president's top advisers and chiefly his economic team has been meeting with ceos and wall street hon chos trying to continue their charm offensive to help some of the nation's top business executives sell their deal on the fiscal cliff and this week the white house had a major victory on that front. the busine
those rates and the white house is not negotiating essentially, wolf, until they see republicans make that move. >> jeszic ka, the things obviously could be getting more complex as you know, president obama wants to add the debt ceiling to the multiple issues already on the table. what are you hearing about that? >> well, this was something the president laid out in a speech this morning to the business roundtable. the debt limit and avoiding the debt limit fight is one piece of the deal that they are seeking. let me try to break it down for you and explain how the white house sees all of this come together. wolf? >> the president's latest move, he told ceo's the fiscal deal should include a permanent way to avoid future debt ceiling fights. >> the only thing that the debt ceiling is good for as a weapon is to destroy your credit rating. >> why is he adding the debt limit into this already complicated showdown over taxes and spending cuts? >> let's allow higher rates to go up -- >> we have to cut spending. >> the white house thinks of the fiscal cliff as a three-part problem. part one
anybody out there. bill daley was the white house chief of staff under president obama during the debt ceiling negotiations last year. mr. daley, thank you very much for joining us this morning. >> thanks for having me. >> reporter: we were just trying to figure out what to make of this. all morning long we've been saying it's relatively good news that we haven't within hearing from the principalprincipals. what does it mean now that speaker boehner is going to be addressing the house at noon. >> i think it's a strong sign there is movement. i don't know that. i'm not on the inside. i don't know what's going on. i doubt the speaker is going to stand up and speak to the body and say nothing's happening and we're not going anywhere and just give a partisan speech. so i'm hopeful that that's what this means. i think it would be damaging to a process that has been basically as it was in '11, a pretty quiet going process kept in secret if all the sudden this becomes anything but that process. i think a very public negotiation does not help getting this done. in what is a relatively very sho
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